Paramount Skydance Leaders Dodge Warner Bros. Bid Talk During Q4 Earnings
Paramount, now led by Skydance’s David Ellison and Paramount president Jeff Shell, reported a Q4 2025 showing declines in linear ad sales but momentum for Paramount+ and Pluto TV, and the executives avoided discussing Paramount’s bid for Warner Bros. Discovery. Ellison acknowledged the film slate underperformed in 2025 and outlined a rebuild plan that includes more theatrical releases in 2026 (16) and a significant expansion of engineering talent to accelerate tech-driven improvements. Shell stressed CBS’s pivotal role in NFL distribution and expressed confidence in the growth of the FAST/Pluto TV strategy despite monetization headwinds, with cost discipline and licensing deals expected to lift profitability as the studio rebuilds and negotiates future rights.
